{"id":88685,"date":"2024-07-31T22:17:00","date_gmt":"2024-07-31T14:17:00","guid":{"rendered":"https:\/\/yufin.ph\/?p=88685"},"modified":"2024-08-17T18:51:46","modified_gmt":"2024-08-17T10:51:46","slug":"gusto-mo-5-6","status":"publish","type":"post","link":"https:\/\/yufin.ph\/tl\/gusto-mo-5-6\/","title":{"rendered":"Gusto Mo 5-6?"},"content":{"rendered":"
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Gusto Mo 5-6?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Shubhrendu Khoche\u00a0 \u2022\u00a0 <\/span>May 12, 2023<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The first time I went to the Philippines\u00a0twenty years ago, a friend had pranked me into asking this innocuous sounding question to strangers on the road.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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It remains the single biggest pain point for all yufin<\/a> merchants who have no other option but to take informal loans\u00a0at 20% monthly interest to run their business. Even after two decades.\u00a0<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You take five and return six. Savvy?<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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How do we know? We talked, observed and interacted with all the twenty-four thousand small businesses\u00a0we signed up. See some of our power users in the picture attached. 90% of yufin small business users are women and 65% have children.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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These informal lenders, my compatriots, have had their role to play at the high risk-high returns end of the lending\u00a0game when credit risk calculation was purely asset based.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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But with yufin capturing more of cashier sales transactions of yufin merchants, their informal utangs (loans), giving them insights into pricing, consumption patterns of fast-moving items at their town and regional level and starting to help them accept digital payments, these majority unbanked\u00a0small businesses are getting primed for flow based working capital lending.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u201cGusto mo 10-11?\u201d Sounds better?<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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My team strongly recommends not to drive a motorcycle or use an umbrella when in the field interacting with small businesses in Mindanao and Visayas.\u00a0It\u2019s understandable.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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OK naman, change is starting.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Gusto Mo 5-6? Shubhrendu Khoche\u00a0 \u2022\u00a0 May 12, 2023 The first time I went to the Philippines\u00a0twenty years ago, a friend had pranked me into asking this innocuous sounding question to strangers on the road. It remains the single biggest pain point for all yufin merchants who have no other option but to take informal…<\/p>","protected":false},"author":2,"featured_media":88699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[255],"tags":[],"class_list":["post-88685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\nyufin: 5-6 in the Philippines<\/title>\n<meta name=\"description\" content=\"5-6 remains the biggest pain point for yufin merchants, forcing them to take informal loans at 20% monthly interest to run their business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yufin.ph\/tl\/gusto-mo-5-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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Dominic Chua\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gerald Dominic Chua\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/yufin.ph\\\/gusto-mo-5-6\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/yufin.ph\\\/gusto-mo-5-6\\\/\"},\"author\":{\"name\":\"Gerald Dominic Chua\",\"@id\":\"https:\\\/\\\/yufin.ph\\\/#\\\/schema\\\/person\\\/44e15b5147cf2205931e24db1d40923e\"},\"headline\":\"Gusto Mo 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